Showing 1 - 10 of 136
We develop theory and present a suite of theoretically consistent empirical measures to explore the extent to which market intervention inadvertently alters resource allocation in a sequentialmove principal/agent game. We showcase our approach empirically by exploring the extent to which the...
Persistent link: https://www.econbiz.de/10012465885
The pace of biodiversity loss requires drastic shifts in conservation efforts that carry substantial costs. We … initiative launched by the Chinese central government in 2017 to enforce biodiversity preservation rules in national nature … reserves. We document that, while improving local biodiversity, the initiative led to a significant increase in bond yields for …
Persistent link: https://www.econbiz.de/10014635706
Black markets are estimated to represent a fifth of global economic activity, but their response to policy is poorly understood because participants systematically hide their actions. It is widely hypothesized that relaxing trade bans in illegal goods allows legal supplies to competitively...
Persistent link: https://www.econbiz.de/10012456361
causal evidence on the economic drivers of biodiversity loss using a novel panel dataset on the types and quantities of … pollution as underlying contributors to contemporaneous biodiversity declines …
Persistent link: https://www.econbiz.de/10012660035
This paper summarizes in non-technical terms the economic case for conserving biodiversity, and explains why we cannot … rely on market forces to do this task. It reviews the policy interventions that could help in biodiversity conservation …
Persistent link: https://www.econbiz.de/10012482183
Crop biodiversity has the potential to enhance resistance to strains due to biotic and abiotic factors and to improve … crop production and farm revenues. To investigate the effect of crop biodiversity on crop productivity, we build a …
Persistent link: https://www.econbiz.de/10012455185
The use of private capital to finance biodiversity conservation and restoration is a new practice in sustainable … finance. This study sheds light on this new practice. First, we provide a conceptual framework that lays out how biodiversity … types of financing is the "monetization" of biodiversity, that is, the extent to which investments in biodiversity can …
Persistent link: https://www.econbiz.de/10014247943
We explore the effects of physical and regulatory risks related to biodiversity loss on economic activity and asset … values. We first develop a news-based measure of aggregate biodiversity risk and analyze how it varies over time. We also … construct and publicly release several firm-level measures of exposure to biodiversity risk, based on textual analyses of firms …
Persistent link: https://www.econbiz.de/10014250155
econometric advancements, shifting focus to direct measures of biodiversity, filling the knowledge gap on the effect of protected …
Persistent link: https://www.econbiz.de/10014437004
concerns over the extent and rate of biodiversity loss have led to renewed interest in extinction outcomes and speculation …
Persistent link: https://www.econbiz.de/10014447273